The jackpot for the MEGA Millions draw on Tue Jun 17, 2025, is projected to be $280 Million, with an option for a cash payout of $126.1 Million. Should you be the lucky winner of the MEGA Millions jackpot, anticipate the IRS to initially withhold 24% of your winnings for taxes, and be prepared that you might need to pay up to an additional 13% in federal taxes at tax time. For Arizona residents, the state will deduct 2.5% from your lottery earnings.
| Arizona MEGA Millions Jackpot/Cash Option for Tue Jun 17, 2025 |
|---|
| Draw Date | Tue Jun 17, 2025 | | Projected Jackpot | $280,000,000 | | Cash Value | $126,100,000 |
| Lumpsum Option Taxes and Payment |
|---|
| Cash Gross Payment | $126,100,000 | | Federal Tax(24%) | $30,264,000 | | Additional Federal Tax | $16,353,330 | | State Tax(2.5%) | $3,152,500 | | Net Lumpsum Payment | $76,330,170 |
| Annuity Payment in 30 Installations |
|---|
| Yr |
Gross Payment |
Fed/State Taxes |
Net Payment |
| 1 |
$4,214,280 |
$1,519,614
$105,357 |
$2,589,309 |
| 2 |
$4,425,120 |
$1,597,625
$110,628 |
$2,716,867 |
| 3 |
$4,646,320 |
$1,679,469
$116,158 |
$2,850,693 |
| 4 |
$4,878,720 |
$1,765,457
$121,968 |
$2,991,295 |
| 5 |
$5,122,600 |
$1,855,692
$128,065 |
$3,138,843 |
| 6 |
$5,378,800 |
$1,950,486
$134,470 |
$3,293,844 |
| 7 |
$5,647,600 |
$2,049,942
$141,190 |
$3,456,468 |
| 8 |
$5,930,120 |
$2,154,475
$148,253 |
$3,627,392 |
| 9 |
$6,226,640 |
$2,264,187
$155,666 |
$3,806,787 |
| 10 |
$6,538,000 |
$2,379,390
$163,450 |
$3,995,160 |
| 11 |
$6,864,760 |
$2,500,292
$171,619 |
$4,192,849 |
| 12 |
$7,208,040 |
$2,627,305
$180,201 |
$4,400,534 |
| 13 |
$7,568,400 |
$2,760,638
$189,210 |
$4,618,552 |
| 14 |
$7,946,960 |
$2,900,706
$198,674 |
$4,847,580 |
| 15 |
$8,344,280 |
$3,047,714
$208,607 |
$5,087,959 |
| 16 |
$8,761,480 |
$3,202,078
$219,037 |
$5,340,365 |
| 17 |
$9,199,400 |
$3,364,108
$229,985 |
$5,605,307 |
| 18 |
$9,659,440 |
$3,534,323
$241,486 |
$5,883,631 |
| 19 |
$10,142,440 |
$3,713,033
$253,561 |
$6,175,846 |
| 20 |
$10,649,520 |
$3,900,653
$266,238 |
$6,482,629 |
| 21 |
$11,182,080 |
$4,097,700
$279,552 |
$6,804,828 |
| 22 |
$11,741,240 |
$4,304,589
$293,531 |
$7,143,120 |
| 23 |
$12,328,120 |
$4,521,735
$308,203 |
$7,498,182 |
| 24 |
$12,944,680 |
$4,749,862
$323,617 |
$7,871,201 |
| 25 |
$13,591,760 |
$4,989,282
$339,794 |
$8,262,684 |
| 26 |
$14,271,600 |
$5,240,822
$356,790 |
$8,673,988 |
| 27 |
$14,985,040 |
$5,504,795
$374,626 |
$9,105,619 |
| 28 |
$15,734,320 |
$5,782,029
$393,358 |
$9,558,933 |
| 29 |
$16,521,120 |
$6,073,145
$413,028 |
$10,034,947 |
| 30 |
$17,347,120 |
$6,378,765
$433,678 |
$10,534,677 |
|
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